Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-Frankfurt Assembly
Total Revenue
The overall amount of money generated by a business from its activities, such as sales of goods or services, before any expenses are subtracted.
Marginal Revenue
The additional income obtained from selling one more unit of a product or service.
Marginal Cost
The increment in total pricing necessary for the creation of one more unit of any good or service.
Marginal Revenue
The supplementary earnings obtained by selling an extra unit of a good or service.
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